Choice Hotels International (NYSE:CHH) Announces Earnings Results

Choice Hotels International (NYSE:CHH) issued its quarterly earnings data on Monday. The company reported $2.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.31, Briefing.com reports. Choice Hotels International had a negative return on equity of 3,953.67% and a net margin of 15.42%. The company had revenue of $428.00 million during the quarter, compared to analysts’ expectations of $432.62 million. During the same period last year, the business earned $1.82 earnings per share. The business’s revenue was up .6% on a year-over-year basis. Choice Hotels International updated its FY 2024 guidance to 6.700-6.870 EPS and its FY24 guidance to $6.70-6.87 EPS.

Choice Hotels International Stock Performance

Shares of CHH stock traded down $0.38 during trading on Thursday, reaching $144.10. 102,859 shares of the company’s stock were exchanged, compared to its average volume of 480,686. The firm’s fifty day moving average price is $131.78 and its 200-day moving average price is $124.29. Choice Hotels International has a twelve month low of $108.91 and a twelve month high of $149.75. The stock has a market capitalization of $6.80 billion, a PE ratio of 27.57, a PEG ratio of 2.27 and a beta of 1.24. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 177.75.

Choice Hotels International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Tuesday, October 1st were given a $0.2875 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.80%. Choice Hotels International’s payout ratio is 22.03%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Jefferies Financial Group lowered shares of Choice Hotels International from a “buy” rating to a “hold” rating and set a $150.00 price target on the stock. in a research report on Wednesday. StockNews.com raised Choice Hotels International from a “sell” rating to a “hold” rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft boosted their price objective on Choice Hotels International from $113.00 to $114.00 and gave the stock a “hold” rating in a research note on Tuesday. JPMorgan Chase & Co. cut Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 price target for the company. in a report on Friday, July 19th. Finally, Barclays increased their price objective on shares of Choice Hotels International from $112.00 to $123.00 and gave the stock an “underweight” rating in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $128.70.

Insiders Place Their Bets

In other Choice Hotels International news, SVP Simone Wu sold 7,840 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $130.08, for a total value of $1,019,827.20. Following the transaction, the senior vice president now directly owns 45,669 shares of the company’s stock, valued at $5,940,623.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Simone Wu sold 7,840 shares of Choice Hotels International stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $130.08, for a total transaction of $1,019,827.20. Following the completion of the sale, the senior vice president now owns 45,669 shares of the company’s stock, valued at approximately $5,940,623.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Patrick Cimerola sold 1,714 shares of the company’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $135.00, for a total transaction of $231,390.00. Following the completion of the transaction, the insider now owns 18,084 shares in the company, valued at $2,441,340. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,429 shares of company stock valued at $4,866,493 over the last ninety days. 24.02% of the stock is currently owned by company insiders.

About Choice Hotels International

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising & Management and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Ascend Hotel Collection, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Studios, WoodSpring Suites, Everhome Suites, Cambria Hotels, Radisson Blu, Radisson RED, Radisson, Park Plaza, Country Inn & Suites by Radisson, Radisson Inn & Suites, Park Inn by Radisson, Radisson Individuals, and Radisson Collection.